Automation of Supplier Purchasing Processes Improves Efficiencies and Productivity
Wayne, PA– August 16, 2016 – Elemica, the leading Supply Chain Operating Network for the process industries, has been named a Great Supply Chain Partner by SupplyChainBrain. The list of 100 Great Supply Chain Partners is made up of solution providers - nominated by their customers - that are instrumental to their bottom line growth. Continental submitted Elemica for their Supplier Management solutions. By automating the procure-to-pay business processes for the purchase of direct materials in the company’s rubber divisions, Continental Tire was able to significantly increase productivity and improve operational efficiencies.
“Working with Continental Tire to build the business network that redefined their procure-to-pay process was driven in large part by the willingness of their purchasing department to challenge the old way of doing things and ultimately resulted in annual seven-figure savings,” said Omar Nadi, Director of Product Management for Supplier Management Solutions at Elemica. “We are humbled to be nominated for this prestigious award and honored to be named a Great Supply Chain Partner.”
The partnership between Continental and Elemica continues to grow through the expansion of their Supplier Management program to incorporate logistic partners and signals. Linking the complete inbound supply chain including suppliers, carriers, freight forwarders, and third-party logistics providers on the Elemica Network provides the visibility needed to eliminate costly expedited freight. More robust replenishment processes, such as vendor-managed inventory and scheduling agreements, are also now included.
“Our collaborative relationship enables us to explore additional opportunities for supply chain excellence, such as incorporating risk management and integrating big data across the enterprise to improve visibility and optimize decision-making,” added Nadi.
Over a six-month period, thousands of nominations were received from logistics and supply chain professionals who nominated their partners for making significant impacts on supply chain efficiencies, customer service and overall company performance. Supply chain solution and services providers are considered for the award based on their reliability, excellence, value, expertise and support. In the July/August issue of SupplyChainBrain, several case studies are detailed, which illustrate the trust, commitment and innovativeness of the partnerships. The Elemica and Continental Tire case study can be found here: http://www.supplychainbrain.com/content/single-article-page/article/continental-tires-of-paper-embraces-edi-to-link-up-with-suppliers/.
Elemica is the leading Supply Chain Operating Network for the process industries. Elemica transforms supply chains by replacing manual and complex approaches with efficient and reliable ones. Launched in 2000, customers like BASF, BP, Continental, The Dow Chemical Company, DuPont, The Goodyear Tire & Rubber Company, LANXESS, Michelin, Shell, Solvay, Sumitomo Chemical, Wacker and more process nearly $400B in commerce value annually on the network. Elemica drives bottom line results by promoting reduced cost of operations, faster process execution, automation of key business processes, removal of transactional barriers, and seamless information flow between trading partners. For more information, visit www.elemica.com.